PLP Architecture Ltd 31/12/2024 iXBRL

Company registration number: 06956582

PLP Architecture Ltd

Unaudited filleted financial statements

31 December 2024

PLP Architecture Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

PLP Architecture Ltd

Directors and other information


	Director	Mr Lee Polisano


	Secretary	F M Secretaries Limited


	Company number	06956582


	Registered office	The White Chapel Building
		10 Whitechapel High Street
		London
		E1 8QS


	Business address	The White Chapel Building
		10 Whitechapel High Street
		London
		E1 8QS


	Accountants	Baker Friend Limited
		2nd Floor
		32-33 Gosfield Street
		Fitzrovia
		London
		W1W 6HL

PLP Architecture Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of PLP Architecture Ltd

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PLP Architecture Ltd for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of PLP Architecture Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PLP Architecture Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PLP Architecture Ltd and its director as a body for our work or for this report.

It is your duty to ensure that PLP Architecture Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PLP Architecture Ltd. You consider that PLP Architecture Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PLP Architecture Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baker Friend Limited

2nd Floor

32-33 Gosfield Street

Fitzrovia

London

W1W 6HL

17 September 2025

PLP Architecture Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	-		182,276
Investments	6	198,554		116,193
		_______		_______
			198,554		298,469

Current assets
Debtors	7	1,256,229		1,767,197
Cash at bank and in hand		748,110		2,085,290
		_______		_______
		2,004,339		3,852,487
Creditors: amounts falling due
within one year	8	( 98,301)		( 1,536,072)
		_______		_______
Net current assets			1,906,038		2,316,415
			_______		_______
Total assets less current liabilities			2,104,592		2,614,884

Creditors: amounts falling due
after more than one year	9		-		( 2,500)

Provisions for liabilities			( 331,308)		( 831,308)

			_______		_______
Net assets			1,773,284		1,781,076
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			1,773,283		1,781,075
			_______		_______
Shareholder funds			1,773,284		1,781,076
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr Lee Polisano

Director

Company registration number: 06956582

PLP Architecture Ltd

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	1	1,899,882	1,899,883

Loss for the year		( 118,807)	( 118,807)
	_______	_______	_______
Total comprehensive income for the year	-	( 118,807)	( 118,807)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	1	1,781,075	1,781,076

Loss for the year		( 7,792)	( 7,792)
	_______	_______	_______
Total comprehensive income for the year	-	( 7,792)	( 7,792)

	_______	_______	_______
At 31 December 2024	1	1,773,283	1,773,284
	_______	_______	_______

PLP Architecture Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is PLP Architecture Ltd, The White Chapel Building, 10 Whitechapel High Street, London, E1 8QS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

Going concern

The directors performed detailed analysis as to the continued viability of each project and the future performance prospects of the business and accordingly, the director continues to adopt the going concern basis in preparing the financial statements. The company has sufficient liquid resources to continue as a going concern for the foreseeable future and the director believes the group will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. Therefore, the financial statements have been prepared on the going concern basis.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:Rendering of servicesTurnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:-the amount of turnover can be measured reliably;- it is probable that the company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: -The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and-Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date .

Operating leases

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Fixtures and fittings Computer equipment Computer software - Over 3 to 10 years - Over 3 to 5 years - Over 5 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tax on profit/loss

Major components of tax expense/income

	2024	2023
	£	£
Current tax:
UK current tax expense	36,606	2,416
Adjustments in respect of previous periods	( 4,324)	-
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 21,155)	( 19,409)
	_______	_______
Tax on profit/loss	11,127	( 16,993)
	_______	_______

Reconciliation of tax expense/income

The tax assessed on the profit/loss for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 25.00 % (2023: 23.50%).

	2024	2023
	£	£
Profit/(loss) before taxation	3,335	( 135,800)
	_______	_______

Profit/(loss) multiplied by rate of tax	834	( 31,913)
Adjustments in respect of prior periods	( 4,324)	-
Effect of expenses not deductible for tax purposes	126	11,013
Effect of capital allowances and depreciation	14,491	-
Effect of different UK tax rates on some earnings	-	340
Other timing differences	-	3,567
	_______	_______
Tax on profit/loss	11,127	( 16,993)
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	1,349,585	1,935,551	3,285,136
	_______	_______	_______
Depreciation
At 1 January 2024	1,349,585	1,753,275	3,102,860
Charge for the year	-	182,276	182,276
	_______	_______	_______
At 31 December 2024	1,349,585	1,935,551	3,285,136
	_______	_______	_______
Carrying amount
At 31 December 2024	-	-	-
	_______	_______	_______
At 31 December 2023	-	182,276	182,276
	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024	116,193	116,193
Additions	82,361	82,361
	_______	_______
At 31 December 2024	198,554	198,554
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	198,554	198,554
	_______	_______
At 31 December 2023	116,193	116,193
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	5,735	313,008
Amounts owed by group undertakings and undertakings in which the company has a participating interest	933,971	77,646
Other debtors	316,523	1,376,543
	_______	_______
	1,256,229	1,767,197
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	30,343	106,024
Amounts owed to group undertakings and undertakings in which the company has a participating interest	21,757	1,251,844
Corporation tax	36,606	3,173
Other creditors	9,595	175,031
	_______	_______
	98,301	1,536,072
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	-	2,500
	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in debtors (note 7)	45,201	24,046
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	( 45,201)	( 24,406)
	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	-	605,474
	_______	_______

At 31 December 2024 the company did not have future minimum lease payments due under non-cancellable operating leases.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
PLP Architecture International Limited	1,580,296	418,368	936,942	( 1,235,154)
PLP Architecture Emirates LLC Abu Dhabi	-	-	( 21,757)	( 16,690)
PLP Architecture (Shanghai) Ltd	-	-	2,972	( 77,646)
Directors	-	-	-	2,500
	_______	_______	_______	_______

During the year, £697,404 (2023: £1,420,236) was recharged from PLP Architecture International Limited, and £2,277,700 (2023: £1,838,604) was recharged to PLP Architecture International Limited, a company which is a related party by virtue of common directorship. Cash transfers of £1,153,528 (2023: -£580,000) were made during the year. Expenses of £561,727 (2023: £nil) were paid by PLP Architecture International Limited on behalf of PLP Architecture Limited. At the year end, the balance due from PLP Architecture International Limited was £936,942 (2023: -£1,235,154), which is included in creditors falling due within one year. At the year-end, a balance of £21,757 (2023: £16,690) was due to PLP Architecture Emirates LLC Abu Dhabi, a subsidiary of PLP Architecture Limited.At the year-end, a balance of £2,972 (2023: -£77,646) was due to PLP Architecture (Shanghai) Ltd, a subsidiary of PLP Architecture Limited registered in China.At the year end, a balance of £nil (2023: £2,500) was due to a director. No interest is charged on this balance.